The following is technical analysis of Origin Agritech Limited (SEED) stock for November 23, 2009Origin Agritech Limited Support & Resistance Levels - 11/23/09
Resistance Levels: $7.65, $8.00, $9.00, $10.35
Support Levels: $6.46, $6.00
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Origin Agritech Limited (SEED) is surging in pre market on news that the company received Final Approval of World's First Genetically Modified Phytase Corn. I will be watching the resistance level of $7.65 from mid 2008. A break above this level could really send the stock skyrocketing. For a trade today, I would be buying pullbacks between $6.00-$6.45. If SEED breaks through the low of the day after 9:45am, I will try to short it. For More Technical Analysis - Go Here
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